Tax increase - will you emigrate?

[Alton Turner Blackwood]

I'm too goddamn broke to leave.

I am however making plans to get my kids out once they're done with school

 

[Priapus]

The impression I've gotten from some other threads is that tax increases drive away high earning individuals. In SA's demographics, most of MyBB members are relatively high earners.

Tax increases might be a very tiny part of the argument used by those leaving, as a reason. But in not the sole reason. People leave SA due to much more pressing issues, ranging from crime, education and better opportunities abroad. Like I say, those that are leaving, made their minds up long ago and it was not because of tax.

 

[TofuMofu]

I can't leave even if I wanted to...it's not as easy as packing your schit and leave otherwise everyone would have done so by now.

 

[azbob]

I'm too goddamn broke to leave.

I am however making plans to get my kids out once they're done with school

Your kids that don’t even have birth certificates.

 

[Sinbad]

Tax increases might be a very tiny part of the argument used by those leaving, as a reason. But in not the sole reason. People leave SA due to much more pressing issues, ranging from crime, education and better opportunities abroad. Like I say, those that are leaving, made their minds up long ago and it was not because of tax.

The tax increase per se is not the issue. The fact that tax is stolen, squandered, pilfered, lost, wasted and otherwise pissed up against the wall is a major issue. Increasing the tax just adds insult to injury.

 

[Magnum]

I'm too goddamn broke to leave.

I am however making plans to get my kids out once they're done with school

I am sure your lady Dragon could help.

 

[Johnatan56]

Assets moved, about to book tickets, have a chat with my embassy booked this week to sort out flights/things I need to do. Planning to leave within March.

 

[WollieVerstege]

The impression I've gotten from some other threads is that tax increases drive away high earning individuals. In SA's demographics, most of MyBB members are relatively high earners.

If you are truly a HNWI you have either already left or you have already hedged your finances in such a way to pay the minimum of taxes.

 

[Creag]

Ridiculous thread. Like anyone would move because of a tax increase. People who want to leave, are leaving regardless of a tax increase or not.

Maybe, but it could be the tipping point.

 

[bro-da]

Bro already out - gonna follow with the folks as soon as makes sense. within the next year.

@Tander is right. long before this tax increase plans were already in place.

TBH it isnt even because of the tax many countries have high tax rates in the highest bracket:
Netherlands - 49.5%
Germany - 47.47%
Portugal - 53%
Canada - 54%

but what is done with the tax revenue and personal safety is the main reason. would gladly pay more tax if public transport worked for all and i felt safe to walk around.

 

[The Voice]

Bro already out - gonna follow with the folks as soon as makes sense. within the next year.

@Tander is right. long before this tax increase plans were already in place.

TBH it isnt even because of the tax many countries have high tax rates in the highest bracket:
Netherlands - 49.5%
Germany - 47.47%
Portugal - 53%
Canada - 54%

but what is done with the tax revenue and personal safety is the main reason. would gladly pay more tax if public transport worked for all and i felt safe to walk around.

Exactly, even with higher tax rates in those countries, you can see how it's being spent on everything around you, in ways like free schooling, free health care, superior infrastructure, etc. Unlike SA, where it just lines someone else's pocket.

 

[Peon]

The impression I've gotten from some other threads is that tax increases drive away high earning individuals. In SA's demographics, most of MyBB members are relatively high earners.

Run that by me again? I couldn't even pay attention.

 

[HavocXphere]

TBH it isnt even because of the tax many countries have high tax rates in the highest bracket:

Bit of a bad benchmark. The effective rate ends up being much lower in 1st world in my experience and you actually get something more tangible in return

 

[bro-da]

Bit of a bad benchmark. The effective rate ends up being much lower in 1st world in my experience and you actually get something more tangible in return

100% agree - but for simplicity it just shows that even in a worse case scenario it may still be worth it.

 

[Johnatan56]

Bro already out - gonna follow with the folks as soon as makes sense. within the next year.

@Tander is right. long before this tax increase plans were already in place.

TBH it isnt even because of the tax many countries have high tax rates in the highest bracket:
Netherlands - 49.5%
Germany - 47.47%
Portugal - 53%
Canada - 54%

but what is done with the tax revenue and personal safety is the main reason. would gladly pay more tax if public transport worked for all and i felt safe to walk around.

Pretty sure their top tax rate is 45% which was introduced (I think) last year, and that's on anything above 270k EUR single and 540k EUR couple per year.
Unless that's including the solidarity surcharge (East/West Germany) that ends in the coming financial year?

 

[koffiejunkie]

Picked "other" since I'm already gone. Either way, I just want to point out that moving (your money/yourself/both) overseas doesn't put you outside of SARS' reach.

 

[Dairyfarmer]

What?
You're leaving us?

Yes, have been planning to leave for UK this year. Almost went to work in East Africa (home base would still be UK).

 

[Jase]

I want to leave, wife refuses. My one daughter is already moving to Canada next month.

I'm in the same boat as you.

 

[bro-da]

Picked "other" since I'm already gone. Either way, I just want to point out that moving (your money/yourself/both) overseas doesn't put you outside of SARS' reach.

This is a really good point - do you know what would put you out of SARS reach?

 

[Affieplaas]

If it was as easy as selling your SA assets, packing your suitcase, making a marmalade sandwich and frikkadelle for padkos and getting on the first plane many people would have left.

The guys packing up and leaving are either those with second passports, the uber wealthy that can buy a golden visa or similar or the guys working for international firms who have managed to get a sponsorship.

For the rest of us, we are pretty much stuck here. At this point my view relating to our esteemed government is "bring it on fckrs". The ANC and their super intelligent supporters have pretty much done everything in their power to drag everyone down into the pit of despair and yet I am still alive.

Maybe this guy was right all along: